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Unconscionable Republican Senator George Victor Voinovich - Not even willing to debateSubmitted by Norm Roulet on Tue, 04/27/2010 - 19:34.
Norm -- Both parties have worked for months crafting a bipartisan Wall Street reform bill. But, just hours ago, Senate Republicans -- including Senator George Voinovich -- voted for a second time to protect their allies on Wall Street and block reform. Maybe they think obstruction is a good political strategy in an election year. Maybe they're hoping the delay will give bank lobbyists time to water down reform with loopholes and exemptions. But here's what we know for sure: These Republicans have a lot to explain to the American people. A recent ABC News poll showed that 65 percent support the reforms they just opposed. Sen. Voinovich still has time to cross the aisle and stand with Main Street -- but to make it happen, Ohio's voters need to speak out now.
With American families struggling in the wake of a crippling financial crisis, they want to know that Washington is doing something to protect consumers from exploitation at the hands of the big banks that got us into this mess. The Senate bill that Republicans are blocking will provide the strongest consumer financial protections in history, while ensuring that American taxpayers are never again forced to bail out a Wall Street firm "too big to fail." Sadly, instead of working to debate and revise the bill, Republicans in the Senate are teaming up with the big banks. In fact, press reports confirm that Republican leaders have been meeting privately all month with Wall Street executives, plotting to weaken the bill. With their votes, it appears they're intent on carrying out that plan. But President Obama has made it clear that any reform bill that doesn't go far enough to rein in the big banks is not acceptable. He's counting on us to speak up. If we turn up the public pressure, we can stop the delay and help President Obama get both sides of the aisle working together again to pass a strong final bill. Write a letter to Sen. Voinovich now: http://my.barackobama.com/WallStreetReformLetters Thanks, Mitch Mitch Stewart Director Organizing for America
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Republicans Allow Debate on Financial Overhaul
Republicans Allow Debate on Financial Overhaul
WASHINGTON — With political pressure mounting, Senate Republicans relented on Wednesday and agreed to let Democrats open debate on legislation that would impose the most far-reaching overhaul of the nation’s financial regulatory system since the aftermath of the Depression.
The prime sponsor of the bill is Christopher Dodd, left. Harry Reid requested the consent of the Senate to move it forward.
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Mitch McConnell, left, and Richard Shelby said serious concerns remained about the bill, and they hoped to make changes.
The decision by Republicans to allow floor deliberations came after they voted three days in a row to block the bill, and it suggested that they saw political peril in being depicted as impeding tougher rules for Wall Street.
But Republicans still oppose many aspects of the bill, and a rough floor fight lies ahead.
Senate Republicans control enough votes to filibuster the bill and prevent it from being adopted.
President Obama praised the shift in the Senate at a rally in Quincy, Ill., and later in a rare chat with reporters on the plane back to Washington. “I want to work with anyone, Republican or Democrat, to move this legislation,” Mr. Obama said at the rally, adding, “What I don’t want is a deal made that is written by financial industry lobbyists.”
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